Behavioral Economics Policy Impact and Future Directions (2023) / Chapter Skim
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1 Introduction
1 Introduction
Pages 9-14
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Challenges to this framework have come from many other intellectual frameworks, but the one that has had the greatest effect on economics arose around the middle of the 20th century. The work of psychologists Daniel Kahneman and Amos Tversky was an influential counter influence, though many other scholars played a role (as discussed in Chapter 2)
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in the United Kingdom in 2010.1 Other countries followed suit, and a growing number of nongovernmental entities, such as the Behavioral Science and Policy Association, are now helping to foster international collaboration among behavioral science researchers and policy makers. In the United States this influence was evident when the Obama administration established a Social and Behavioral Sciences Team that was charged with looking across agencies for areas where behavioral economics and other ideas from the social and behavioral sciences could be used in tackling urgent policy challenges, such as increasing retirement security for military service members, supporting sound decision making about claiming Social Security benefits, and supporting consumer adoption of renewable energy sources (Office of the Press Secretary, 2016)
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Behavioral Economics to Policy -- whose members have expertise in economics, behavioral economics, health policy and behavioral design, psychology, cognitive science (e.g., judgment and decision making) , methodology, and public policy -- was appointed to carry out the study.
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Thus, the committee focused on the published literature in six domains: health, retirement benefits, social safety net benefits, climate change, education, and criminal justice. Within each of these domains we concentrated on a handful of important topics, recognizing that it would be necessary to leave out other important societal issues in which valuable work has been done (e.g., reducing credit card debt, obesity, behavioral finance)
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Chapter 13 discusses the significant challenges associated with implementing tested ideas from behavioral economics research in real-world policy settings. Chapter 14 presents the committee's general conclusions about the contributions of behavioral economics, offers recommendations for strengthening the field, and suggests directions for future research.
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Commissioned paper prepared for the Committee on Future Directions for Applying Behavioral Economics to Policy, National Academies of Sciences, Engineering, and Medicine. https://nap.nationalacademies.org/resource/26874/ Applying_Behavioral_Economics_to_Climate_Change_Messer_Ganguly_Xie.pdf National Academies of Sciences, Engineering, and Medicine.
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